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Revlon has re-entered the professional beauty business with its acquisition of Colomer for $660 million—13 years after it initially sold this same business to CVC Capital Partners for $315 million—a move which returns the Revlon Professional business back “home”. The 2000 sale was part of a plan to help Revlon reduce debt and return to profitability,
Earlier this week, top executives from the U.S. salon industry gathered at the 2013 International SalonSpa Business Network (ISBN) Conference in San Antonio, TX, marking the organization’s 40th anniversary. Among the highlights of Monday’s activities included a panel discussion moderated by Cosmoprof’s Pat Neville. Panel participants included Reuben Carranza, CEO of Wella, The Salon Professional
It was another tremendous year for nail polishes, with category sales up as much as 60% in select channels in 2011. Nail polish proved yet again to be the fastest growing category in the U.S. beauty industry for the third year in a row, and was the only category to register overall sales gains in the high double-digit range.
